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Friday, December 12, 2008

Chart of Pompous Prognosticators



Click here to see what all the 'Pompous Prognosticators' (aka Serial Bottom Callers) had to say all the way down between 1927 and 1933.

Lemme get you started:

1) "We will not have any more crashes in our time."- John Maynard Keynes in 1927

Astute readers may recall how I feel about the economic theories of John Maynard Keynes from the post Economic Policy Based on Failed Economic Theory: Just Stupid.

5 comments:

Vijay said...

One can't help but be reminded of this. No offense Lawrence "the housing market only goes up" Yun

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